Registry number: 5-0666472/001
One bedroom apartment in Veli Vinohradi area, Budva
The apartment is located in Veli Vinohradi, behind the Zlatibor restaurant, Budva.
Total area with terrace - 37 m2.
House without an elevator, floor 2, view of the courtyard and the mountains, about 400-500 m walk to Slovenska Pladi.
The apartment is completely renovated with furniture replacement in 2021.
Liquidity calculation:
Renting 50 euros / day. Maximum occupancy is 90 days per season. Profitability per season 4500. Booking expenses 15%
Profitability minus Booking 3825 euros.
Possible monthly rent out of season for 400 euros per month for 8 months. Additional income for the year = 3200 euros. Total for the year: 7025 euros. Purchase and maintenance costs 68000 + 400 (annual tax + fee) + 2040 (one-time property turnover tax on purchase 3%) = 70440.
Payback period 70440 euros / 7025 = 10 years. Profitability 7025*100/70440 = 9.9%
Calculations are given for 2021-2022.